CBS boss insist ‘economics’ behind Late Show cancellation as Paramount deal finalised

The Late Show was cancelled after a 32-year-run due to a decline in advertising, according to CBS boss George Cheeks, who spoke at a press conference following the sale of Paramount.

Entertainment conglomerate Skydance’s AU$12.2 billion takeover of Paramount finally became official on August 7, just over a year after it was first announced.

During a press conference marking the changing of the guards, Cheeks addressed the controversial cancellation of The Late Show with Stephen Colbert.